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International Business Times
International Business Times
Business

Struggling Japanese Automaker Nissan Replaces CEO

Nissan Makoto Uchida Honda Ivan Espinosa Foxconn Mitsubishi Motors
Japanese automaker Nissan said chief executive Makoto Uchida will step down, which follows the failure of merger talks with rival Honda (Credit: AFP)

Struggling Japanese automaker Nissan announced on Tuesday that chief executive Makoto Uchida would step down, a move that follows the failure of merger talks with rival Honda.

The company said the leadership change was meant to "achieve the company's short- and mid-term objectives while positioning it for long-term growth" but did not elaborate.

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